The earnings call presented a generally positive outlook with strong financial health among residents, significant recovery in key markets like San Francisco, and advancements in AI and automation. However, challenges persist in the acquisition market and certain geographic areas like Los Angeles and expansion markets facing supply pressures.

Company Guidance -

Q3 2025

In the Equity Residential 2Q 2025 earnings call, the company provided updated guidance reflecting a positive outlook based on strong demand, high resident retention, and low unemployment rates. The overall unemployment rate in the country was noted at 4.2%, with the key demographic of college-educated individuals at an even lower 2.7%. The company highlighted its strategic portfolio balance across urban and suburban markets, which it believes positions it to outperform due to declining apartment supply and societal trends favoring rentership. In terms of financial guidance, the company adjusted its acquisition expectations for the year down to $1 billion from $1.5 billion due to competitive pricing conditions, with cap rates often in the high 4% range. Despite these market conditions, the company remains optimistic about its long-term growth prospects, particularly in markets like New York City and San Francisco, where supply is expected to continue declining.

Strong Resident Financial Health

The average household income of residents who moved in during the second quarter increased by 8.5% from the same quarter last year, keeping rent as a percent of income low at 20%. Additionally, only 7.2% of residents moved out to purchase homes, among the lowest levels observed.

San Francisco Market Recovery

San Francisco showed the best blended rate growth in the portfolio at 5.8%, driven by strong new lease and renewal increases and favorable migration patterns, with competitive supply being less than 1% of inventory.

AI and Automation Efficiencies

The company's AI leasing application pilots reduced application completion time by over 50%, improving fraud detection, resident underwriting, and user satisfaction. A full deployment is expected by the end of the year.

Improved Guidance and Financial Performance

The company increased the midpoint of its same-store NOI growth guidance by 30 basis points and the NFFO range midpoint by $0.05, reaching the top end of prior expectations.

Equity Residential (EQR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

EQR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.36 / -	0.38	―	―	―
Jun 30, 2025	2025 (Q2)	0.34 / 0.50	0.47	6.38% (+0.03)	―	―
Apr 29, 2025	2025 (Q1)	0.26 / 0.67	0.77	-12.99% (-0.10)	―
Feb 03, 2025	2024 (Q4)	0.41 / 1.10	0.82	34.15% (+0.28)
Oct 30, 2024	2024 (Q3)	0.41 / 0.38	0.45	-15.56% (-0.07)
Jul 29, 2024	2024 (Q2)	0.38 / 0.47	0.37	27.03% (+0.10)
Apr 23, 2024	2024 (Q1)	0.33 / 0.77	0.56	37.50% (+0.21)	―
Jan 30, 2024	2023 (Q4)	0.43 / 0.82	0.42	95.24% (+0.40)	―
Oct 31, 2023	2023 (Q3)	0.47 / 0.45	0.86	-47.67% (-0.41)
Jul 27, 2023	2023 (Q2)	0.38 / 0.37	0.59	-37.29% (-0.22)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EQR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 30, 2025	$67.49	$67.26	-0.34%
Apr 29, 2025	$68.83	$69.56	+1.06%
Feb 03, 2025	$68.95	$69.23	+0.41%
Oct 30, 2024	$71.82	$68.34	-4.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Equity Residential (EQR) report earnings?

Equity Residential (EQR) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Equity Residential (EQR) earnings time?

Equity Residential (EQR) earnings time is at Nov 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is EQR EPS forecast?

EQR EPS forecast for the fiscal quarter 2025 (Q3) is 0.36.

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